Dec 7, 2012 12:00am PST
provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: with 25 days left until the year-end fiscal cliff, and just 19 days until christmas, president obama warned lawmakers today not to add to the holiday pressures americans already feel, by letting the political stalemate drag on. but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic t
Dec 7, 2012 3:00pm PST
services used to function. so that's one of the other things. >> brown: you are thinking of that as an experiment but in the meantime you're pushing for the extension. i mean what should happen as of december 31st. >> as of december 31st we think the program should be reauthorized as it is today. the measures of long-term unemployment have not changed at all since congress reauthorized this program. so we want it to stay the same and make sure that family its have that income support so they can stay attached to the workforce, so they can stay out of poverty and hopefully get back into this system, back into working as quickly as possible. >> brown: i know you want to experiment but are you also for extending. >> you can't go back to 14 weeks. and 26 weeks is probably going to be insufficient. but let's keep in mind that we would extend for humanitarian purposes. the economic evidence is fairly clear that extensions well beyond that 26 weeks adds to the period of time that people are unemployed. there is about a 5% increase in that because the incentive isn't there to get back to work.